Oracle buying Eloqua Inc. for $23.50 a share

SteveGelsi

NEW YORK (MarketWatch) -- Oracle Corp.
ORCL, -0.10%
said Thursday it plans to buy Eloqua Inc.
eloq
for $23.50 a share, or about $871 million, net of Eloqua's cash. Oracle said the deal will add a marketing platform to its cloud offerings. The Eloqua board unanimously approved the transaction, which is expected to close in the first half of 2013, subject to Eloqua stockholder approval. The price values Eloqua at a premium of 31% over its closing price of $17.92 share on Wednesday.

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